Golden Agri-Resources (OTCMKTS:GARPY) Shares Down 5.2% – Here’s What Happened

Shares of Golden Agri-Resources Ltd (OTCMKTS:GARPYGet Free Report) dropped 5.2% during mid-day trading on Tuesday . The company traded as low as $22.06 and last traded at $22.06. Approximately 4,695 shares changed hands during trading, an increase of 370% from the average daily volume of 1,000 shares. The stock had previously closed at $23.27.

Golden Agri-Resources Trading Down 5.2%

The business has a fifty day moving average price of $21.90 and a 200 day moving average price of $21.44.

Golden Agri-Resources Company Profile

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Golden Agri-Resources Ltd (GAR) is one of the world’s largest palm oil plantation companies. The firm’s core business covers the cultivation and harvesting of oil palm, processing fresh fruit bunches into crude palm oil and palm kernel oil, and refining these into a variety of edible oils, specialty fats, biodiesel and oleochemical products. GAR’s vertically integrated model spans upstream plantation management, midstream milling and downstream refining and distribution.

Incorporated in 1996 and headquartered in Singapore, GAR was listed on the Singapore Exchange in 1999 and trades on the U.S.

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